68.310 Limit of expenditures for first half of each fourth year. - Kentucky Statutes

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68.310 Limit of expenditures for first half of each fourth year. Except in case of an emergency concerning which the county judge/executive, the fiscal
court and the state local finance officer unanimously agree in writing, and, except for
encumbrances or expenditures from the county's road fund, no county shall, during the
first half of any fourth fiscal year, beginning with the fiscal year 1998-1999, encumber or
expend more than sixty-five percent (65%) in any fund budgeted for that fiscal year, not
counting as current funds any budgetary allotments for or payments of principal and
interest of bonded indebtedness. Prior to encumbering or expending any funds from the
road fund during the first half of any fourth fiscal year which exceed sixty-five percent
(65%) of the amount budgeted, the fiscal court shall assure that there are sufficient funds
remaining in the general fund to provide for the excess encumbrance or expenditure from
the road fund on a dollar for dollar basis. Those excess funds shall remain in the general
fund until on or after January 1 of that fiscal year. Effective: July 15, 1998
History: Amended 1998 Ky. Acts ch. 291, sec. 1, effective July 15, 1998. -- Amended 1980 Ky. Acts ch. 19, sec. 6, effective July 15, 1980. -- Recodified 1942 Ky. Acts
ch. 208, sec. 1, effective October 1, 1942, from Ky. Stat. sec. 938q-17.